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Strategies & Market Trends : ahhaha's ahs

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To: Ahda who wrote (1477)	3/11/2001 3:14:37 PM
From: GraceZ	of 24758

This comes back to my original statement that the index is deceptive because only those homes that are rising in value are going on the market. You can't sell your home if you live in an area where the value is dropping or standing still because you can't pay off the mortgage after paying the high commission to the broker. It takes five years before most 30 year mortgages pay off even a thousand dollars in principle. Add mortgage insurance premiums or FHA insurance or no down payment loans in there and you've got a lot of people that are stuck owning the house they are in.

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